ACCOUNTING 1

LESSON 5 BOOKS OF ACCOUNTS

NAME: _______________________________________________ SECTION: ____

Activity 1. Accounting Chart

Using the terms you learned in the lesson, fill in the blank boxes accordingly.

Books of Accounts

1. 2.

4. 5.
3. 6.

Activity 2
Journalize the following transactions of Sweet Bakeshop for the month of December
2020. Use the provided format below.

2020
December 3 Ms. Tam-is invested Php300,000 in the business.
5 Paid cash Php 15,000 for electricity bill for the month.
15 Purchased kitchen equipment Php50,000 on account.
25 Paid baker’s salary for the month, Php20,000.

ACCOUNT TITLES AND

DATE P.R. DEBIT CREDIT
EXPLANATION

PREPARED BY: MRS. LADIE ANNE MARIE Z. RIVAS Page 1

 ACCOUNTING 1

PREPARED BY: MRS. LADIE ANNE MARIE Z. RIVAS Page 2